As part of the $140 million transaction, Arch will acquire stock from RMIC and its wholly-owned subsidiaries that together comprise Old Republic’s run-off mortgage insurance business.
Read More »Median Homebuyer Income Jumps $20K YoY
A new report from NAR has found that the typical home buyer's annual household income has climbed to a new record high in the wake of rising home prices and mortgage rates.
Read More »The Week Ahead: Tackling the Nation’s Housing Shortage Dilemma
An upcoming gathering hosted by the Urban Institute and National Community Stabilization Trust will feature a cross-section of industry experts and government leaders exploring how to boost the U.S. housing shortage and protect the future of homeownership.
Read More »Jason Birnbaum Appointed President of Flagstar’s Private Bank
Bringing more than 25 years of private banking experience to his new role as EVP and President, Jason Birnbaum succeeds Senior EVP and President of Commercial and Private Banking Eric Howell, who will transition to a non-executive advisory role.
Read More »Is Now an Ideal Time to Buy a Home?
Redfin analysts weigh a number of variables playing into potential homebuyers’ decision-making process and reveal why now may be the best time to pursue the American dream of homeownership.
Read More »Cost of Living, Mortgage Rates Keeping Many Homebuyers ‘on the Sidelines’
Freddie Mac reports a second week-over-week slide in the 30-year fixed-rate mortgage, as markets adjust to the Fed’s second consecutive pause in rate hikes. Here are the factors a Freddie Mac economist says are allowing the housing market to “remain stagnant.”
Read More »Down Payment Assistance Resources on the Rise Nationwide
A new study has found that housing authorities rolled out a number of homebuyer assistance programs in Q3 to assist buyers and take the edge off of monthly mortgage payments.
Read More »National Median Home Prices Continue to Rise in Q3
NAR Chief Economist Lawrence Yun noted that "the persistent lack of available homes on the market will make the dream of homeownership increasingly difficult for younger adults unless housing supply is significantly boosted."
Read More »Is AI the End-All Solution to Mortgage Lending Inequities?
In a new article jointly authored by the Federal Home Loan Bank of San Francisco and the Urban Institute, new research examines the effects of Artificial Intelligence (AI) in helping level the playing field for minorities and borrowers of color, with the ultimate goal of advancing racial equity in homeownership.
Read More »Commercial, Multifamily Loans Drop Precipitously YoY
“Borrowing and lending were down for every property type and capital source from one year ago. However, compared to this year’s second quarter, volumes were more stable, and some sectors—including industrial properties and life company lenders – showed an uptick in volume,” said Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.
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